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The Wall Street Journal: Italian prime minister to resign Monday after bruising referendum defeat

ROME—Italian Prime Minister Matteo Renzi announced early Monday that he will tender his resignation in the afternoon after admitting defeat in Sunday’s referendum.

According to projections, 59% of people who cast ballots on Sunday said ‘no’ to a plan backed by Renzi that would have overhauled Italy’s legislature to make it easier to pass laws, including measures meant to make the country more competitive.

In response, Renzi said he will go to Italian President Sergio Mattarella Monday afternoon to tender his resignation.

“I take full responsibility for the defeat,” he said in an address in the early hours of Monday from Palazzo Chigi, the premier’s residence.

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